6 Days until Taj Closes

Many slot machines off line on casino floor. Wednesday October 5 2016 Scenes from the Taj Mahal Atlantic City, 6 days till closing. (The Press of Atlantic City / Ben Fogletto)

Ben Fogletto / Staff Photographer

Atlantic City’s casino win drops 1.5 percent in Sept.

{child_byline}NICHOLAS HUBA Staff Writer

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ATLANTIC CITY — A Labor Day Weekend storm helped sink the city’s gaming revenue in September.

The city’s eight brick-and-mortar casinos saw their monthly casino revenue drop 3.5 percent over last year, mainly due to a state of emergency that was declared in Atlantic County because of Tropical Storm Hermine, according the Division of Gaming Enforcement.

Revenues at casinos in September totaled more than $210.3 million, compared with more than $218 million in September 2015, according to state records. However, internet gaming was up 35 percent to $16.2 million, compared with more than $12 million last year, making the total revenue drop only 1.5 percent for the month.

“(Overall) gaming revenue fell 1.5 percent in September — a month marked by a threatened hurricane, a state of emergency and two canceled beach concerts over the long Labor Day weekend and the winding down of operations at the Trump Taj Mahal,” said Matthew B. Levinson, chairman and executive director of the Casino Control Commission. “Despite all of those obstacles, half of the casinos reported increases for the month.”

Taj Mahal revenues plummeted more than 50 percent — a more than $8.4 million loss — as the casino prepared for its Oct. 10 closure. Revenues at Taj Mahal dropped from $16.6 million in August 2015 to $8.1 million last month.

The property, once called the “Eighth Wonder of the World” by former owner Donald J. Trump, closed Monday after management accused striking Unite Here Local 54 members of preventing a “path to profitability.”

Of the city’s eight casinos, only Borgata Hotel Casino & Spa, Golden Nugget Atlantic City, Resorts Casino Hotel, and Tropicana Atlantic where the only properties to see their gaming revenue increase.

“It is good to see some of the remaining AC properties continuing to reinvest in the customer and their product to keep the Atlantic City visitor in town and those properties doing well,” said Joe Lupo, Senior Vice President of Operations, Borgata Hotel Casino & Spa.

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Contact:

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SHughes@pressofac.com

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Started working in newsrooms when I was 17 years old. Spent 15 years working for Gannett New Jersey before coming to The Press of Atlantic City in April 2015.

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